Question: Pls do not copy from Chegg. Chegg has wrong answer. Based on the following data: Sales $1,000,000 Net purchases of raw materials $600,000 Cost of

Pls do not copy from Chegg. Chegg has wrong answer.

Based on the following data:

Sales $1,000,000
Net purchases of raw materials $600,000
Cost of goods manufactured $800,000
Marketing and administrative expenses $250,000
Indirect manufacturing costs $500,000

Beginning inventory Ending inventory
Work in process $500,000 $400,000
Finished goods $100,000 $500,000

What is the gross profit for the company?

A. $200,000

B. $400,000

C. $600,000

D. $900,000

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